Odaily Planet Daily News: Bitwise stated in an article on X platform that the Bitwise Bitcoin ETF (BITB) is not a fund registered under the Investment Company Act of 1940 (the "40 Act") and is therefore not regulated by the Act. Investment involves significant risks, including the possibility of losing principal. Investing in BITB faces high risks and volatility, and digital assets are not suitable for investors who cannot afford the entire investment loss. Investing in this fund is not investing in Bitcoin.